Weather insurance

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Weather insurance insures against weather variations. There are two insurable types of weather insurance: conditional weather insurance and weather cancellation insurance.

The integration of advanced technologies such as AI in the insurance industry is influencing the field of weather insurance. According to a recent industry report, these technologies facilitate the analysis of large datasets, leading to improved predictions of weather patterns.^[1] This advancement is important for weather insurance, as it aids in refining risk assessments and pricing models.